Barron’s looks at the current auction market, and the unexpected surge in Chinese buyers, with the country’s buyers now taking a 35% share of the global fine art market. “I think the current trend is more a result of a maturing Chinese art market that has remained subdued for more than five years and where collectors and investors are again seeing opportunities,” ArtTactic’s Anders Petterson says. “With limited investment options available,” he adds, Chinese’s wealthy are “likely to increasingly look at art as an alternative investment.”
Read more at Barron’s
